Funding arb · Price arb /

PIEVERSE

all PIEVERSE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0490%/8h= +53.6% APRpaid last 24h +0.100%

Price spread now: OKX against Gate+0.231%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days−0.209%−$21 · spread now +0.231%, 7d avg +0.068%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.164% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PIEVERSE_USDT	1.8149	0.0100	pay 0.0100% / 8h	2h 29m	$8.3M	$3.4M	25x
Short	OKX PIEVERSE-USDT-SWAP	1.8191	0.0590	get 0.0295% / 4h	2h 29m	$7.2M	$17.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now +0.231%Rate

Funding earned: $102.82
Price spread: +0.231% → +0.068%: $16.35
Slippage, 4 orders: −$79.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: $14.63
Costs to cover: 1.045%
Break-even: 6.0 days

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	6.62 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.30 bp	23.7 bp −$24	137.0 bp −$1,370	doesn't fit	doesn't fit

PIEVERSE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PIEVERSEUSDT	+0.0100%	4h	1.8175	+0.143%	$10.9M	$10.6M	20x	as long as short
Gate PIEVERSE_USDTlong	+0.0100%	8h	1.8149	long leg	$8.3M	$3.4M	25x
Variational Omni PIEVERSE	+0.0100%	4h	1.8141	−0.043%	$48K	$11K	—	as long as short
SunX PIEVERSE-USDT	+0.0100%	4h	1.8144	−0.028%	$1K	$696K	20x	as long as short
Bitget PIEVERSEUSDT	+0.0156%	4h	1.8190	+0.227%	$3.9M	$2.1M	10x	as long as short
Extended PIEVERSE-USD	+0.0472%	1h	1.8181	+0.177%	$39K	$209K	5x	as long as short
MEXC PIEVERSE_USDT	+0.0474%	4h	1.8175	+0.143%	$2.5M	$817K	20x	as long as short
Binance PIEVERSEUSDT	+0.0475%	4h	1.8181	+0.176%	$21.5M	$27.1M	20x	as long as short
edgeX PIEVERSEUSDC	+0.0477%	4h	1.8153	+0.023%	$37K	$433K	10x	as long as short
BloFin PIEVERSE-USDT	+0.0508%	4h	1.8154	+0.028%	$1.1M	$2.3M	40x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX PIEVERSE-USDT	+0.0546%	4h	1.8182	+0.182%	—	$7.1M	—	as long as short
OKX PIEVERSE-USDT-SWAPshort	+0.0590%	4h	1.8191	+0.231%	$7.2M	$17.6M	20x
Aster PIEVERSEUSDT	+0.0703%	4h	1.8169	+0.110%	$168K	$240K	5x	as long as short
KuCoin PIEVERSEUSDTM	+0.0846%	4h	1.8182	+0.184%	$13.9M	$2.4M	20x	as long as short